Software Technologies Corp

* SeeBeyond Technology Corp. of Monrovia named former Oracle Corp. President Raymond Lane, a SeeBeyond director for four years, as chairman of the board. SeeBeyond also announced that sales in the third quarter were about $41 million, short of expectations, and that it will report a loss for the period of 6 cents to 7 cents a share before restructuring and other costs. Shares of the maker of systems integration software for corporations rose 41 cents, to $2.

SeeBeyond Technology Corp. of Monrovia named former Oracle Corp. President Raymond Lane, a SeeBeyond director for four years, as chairman of the board. SeeBeyond also announced that sales in the third quarter were about $41 million, short of expectations, and that it will report a loss for the period of 6 cents to 7 cents a share before restructuring and other costs. Shares of the maker of systems integration software for corporations rose 41 cents, to $2.

For much of its nine years of existence, Software Technologies Corp. of Monrovia has been one of the most obscure technology companies in Southern California. Even after the company's initial public stock offering last month and a current market capitalization of close to $1.5 billion, the company still has a meager profile, even in its own industry. As does James Demetriades, the 37-year-old founder and chief executive of the company, whose stock is now worth about $600 million.